A $20 million rehabilitation of a former cigar plant on the west side of Binghamton into nearly 100 apartments and commercial space will get a formal launch on Wednesday.

The project at 6 Emma St. will have 50,000 square feet of commercial space on the first two floors, as well as 97 market-rate lofts on the top two floors. The groundbreaking ceremony will begin at 10 a.m.

Constructed from 1927 to 1928 for the General Cigar Co., the factory closed during the Great Depression. From 1937 to 1977, the property was owned by the Ansco camera and film company.

In 2017, Broome County sold the former cigar factory to Syracuse-based real estate firm Paulus Development for $350,000.

“This development will rehabilitate a historic landmark and create a First Ward neighborhood anchor to support existing businesses, and attract and retain young professionals,” Binghamton Mayor Richard David said in 2017. “In Binghamton, we’re bringing new jobs and economic development by creating the environment for private investment and entrepreneurship to succeed.”

In 2015, Broome County foreclosed on the property for back taxes and listed the property for sale.

The company estimates that the project will create about 100 short-term construction jobs.

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The 6 Emma Street property.(Photo: Natasha Vaughn/ Staff photo)

“The plan by Paulus Development to take a building with a strong past and give it a brighter future is something that has Broome County’s full support,” Broome County Executive Jason Garnar said in 2017. “It will not only strengthen existing businesses in the area, but bring in new opportunities.”

In 2012, the building at 6 Emma St. was listed on the National Register of Historic Places.